DIRS.INFO The most relevant business & tech news

☆ He prosecuted child sex predators. Now, he’s going after Meta for allegedly enabling them
▼ + stars: | 2024-03-08 | by ( Clare Duffy | ) edition.cnn.com time to read: +13 min

Meta, along with other major social media companies, faces growing scrutiny over the safety of young users on its platforms. But of the several lawsuits filed against Meta over child safety in recent years, none have focused as pointedly as Torrez’s case on alleged child sexual exploitation. In some cases, Torrez said he volunteered to take child abuse cases and to visit safe houses to conduct interviews with child victims. The New Mexico Attorney General's office alleges it found in an investigation of Facebook and Instagram accounts promoting sexualized images of minors. Meta also says it has removed hundreds of thousands of accounts, groups and devices for violating its child safety policies.

Persons: Raúl Torrez, Torrez, Presiliano Torrez, ”, Mark Zuckerberg, pornographers, General Raúl Torrez, Countess, ” Torrez, Zuckerberg, Frances Haugen, ” Meta, Obama, Meta, Rebecca Wright, —, Linda Atkinson, aren’t, “, New Mexico Attorney General's, Issa Bee, Issa, you’re, Nkechi Nneji, Evelyn Hockstein, Ann Olivarius, McAlister Olivarius Organizations: New, New York CNN, Facebook, Meta, Tech, Getty, CNN, Communications, ”, Harvard, London School of Economics, Stanford Law School, New Mexico Department of Justice, New Mexico Attorney, PayPal, National Center for, Force, Reuters, Bureau, US News Locations: New York, New Mexico, Torrez, Washington ,, Albuquerque, Mexico, ”, Bernalillo County, Torrez’s, United States

☆ Why is a South American beer brand going viral? The answer's simple: Star Wars
▼ + stars: | 2024-03-06 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

In 2003, the brand edited ads into a broadcast of the Star Wars trilogy. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementThe latest brand getting attention on social media isn't Stanley — it's a South American beer creatively edited into a Star Wars broadcast 20 years ago. On X, formerly known as Twitter, users started sharing clips from the original Star Wars trilogy last week. The clips look normal — until a bottle or can of Cerveza Cristal beer suddenly appears in the shot.

Persons: —, isn't Stanley — it's, Cristal, Obi, Wan Kenobi, Luke Skywalker, Wan, 🛸, ," the Organizations: Wars, Service, Star Wars Locations: American, Chile, pic.twitter.com

☆ A Russian warship's last-resort machine-gun fire wasn't enough to defeat the Ukrainian sea drone assault that sunk it, video shows
▼ + stars: | 2024-03-06 | by ( Chris Panella | ) www.businessinsider.com time to read: +5 min

A newly surfaced video shows armed Russian crews attempting to defend a landing ship from Ukrainian sea drones. Russia has been upping its defenses against naval drones, but it's unclear how effective they are. AdvertisementA newly surfaced video shows a Russian warship crew making their last stand against Ukraine's exploding sea drones. The Ukrainian drones targeted and destroyed Black Sea Fleet warships, a section of the Kerch Bridge connecting occupied Crimea with Russia, attacked bases, and went after other key infrastructure in and around the Black Sea. New look at a Ukrainian Sea Baby USV, this one christened “Avdiivka”.

Persons: —, Caesar Kunikov, 4XYsK2WFPY, 🇺🇦🇷🇺, Ker Organizations: Service, Telegram, USVs, unm, unc Locations: Russian, Russia, Ukraine

☆ Get Ready for the Great Trump Diaspora
▼ + stars: | 2024-03-06 | by ( Paul Starobin | ) www.businessinsider.com time to read: +10 min

The Atlantic devoted an entire issue to the authoritarian horrors in store for America "If Trump Wins." AdvertisementA second Trump presidency, Speer said, could serve as a "catalyst" that further fuels the growing diaspora of Americans living in exile. Since 2015, Democrats Abroad, the foreign-based arm of the DNC, has nearly tripled its membership. Since 2015, Democrats Abroad, the foreign-based arm of the Democratic National Committee, has nearly tripled its membership, which now numbers in the hundreds of thousands. My wife and I are both Trump decriers, although we didn't begin our Italy property search to find a refuge from MAGA-infused America.

Persons: specter, Donald Trump —, Trump, Gallup, George W, Bush's, Barack Obama's, Doris Speer, Speer, —, Roe, Wade —, Martha McDevitt, Pugh, Emily, Francophiles, Ernest Hemingway, James Baldwin —, Nicole Kidman's, MAGA, batty, it's, John Galey, Paul Starobin Organizations: Washington Post, Trump, America, Association of Americans Resident Overseas, dodgers, DNC, Democratic National Committee, Leggett, Italy Facebook, Côte, IRS, Citizens Abroad, Los Angeles Times, New Books Network Locations: Umbria, Italy, Montana, Tuscany, Texas, Tennessee, America, Canada, Washington, Paris, United States, Iraq, Europe, Vietnam, Sedona , Arizona, Portugal, Spain, France, United Kingdom, Norway, Netherlands, Hong Kong, Bangkok, Buenos Aires, Golden, California, MAGA

☆ Retailers turn to an unlikely source to boost profits. Walmart shows how powerful this lever could be
▼ + stars: | 2024-03-05 | by ( Alex Harring | ) www.cnbc.com time to read: +9 min

There are three main routes through which retailers like Walmart benefit from advertising, Tarlowe said. The focus in retail advertising once transitioned from in-store to retailer websites with the e-commerce boom, Gutman said. Walmart: The pack leader With the deal, Walmart appears ahead of the retail pack, Gutman said. Connected TV is also just one part of a broader tide-change that's bolstering optimism on the stock, analysts told CNBC Pro. Other retail ideas Beyond Walmart, analysts said retailers need size and scale to perform well within off-site advertising.

Persons: Jefferies, Corey Tarlowe, Tarlowe, Morgan Stanley, Matt, Simeon Gutman, Gutman, it's, Roku, FactSet, Warren Buffett, Franklin Templeton, Dan Niles Organizations: Walmart, Intelligence, Retailers, Albertsons, CNBC, P Retail, Costco, Target, FactSet, TGT, Nvidia, & & , & & () Locations: Arkansas, Vizio

☆ Ukraine said it sank a $65 million warship that Russia planned to use for an antiaircraft missile system
▼ + stars: | 2024-03-05 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

Ukraine said it destroyed another Russian ship in the Black Sea using sea drones. The Sergei Kotov patrol vessel, part of Russia's Black Sea Fleet, cost $65 million, Ukraine said. AdvertisementUkrainian military intelligence said a $65 million Russian warship was the latest to be sunk in the Black Sea. It added that a Ukrainian special unit attacked the Black Sea Fleet vessel in cooperation with Ukraine's navy and the Ministry of Digital Transformation. In December, the UK's defense minister said that "over the past 4 months 20% of Russia's Black Sea Fleet has been destroyed."

Persons: Sergei Kotov, —, Andrii, Russian Sergey Kotov, 3KPMpgxXD8, 4LGiEYQaEY — Anton Gerashchenko Organizations: Service, Directorate of Intelligence, Ministry of Defense, Ministry of Digital, Kyiv, Radio Free, Ukrainian Defense Intelligence, Ukraine, Kyiv Independent Locations: Ukraine, Russia's, Russia, Ukrainian, Kerch, Radio Free Europe, Russian, Sevastopol, Crimea

☆ Elon Musk has a unique plan to solve Twitter's ad problems
▼ + stars: | 2024-03-05 | by ( Peter Kafka | ) www.businessinsider.com time to read: +1 min

Elon Musk owns X, formerly Twitter, which has an advertising problem. AdvertisementThe company formerly known as Twitter has a well-known advertising problem: It is owned by Elon Musk, who does his best to repel advertisers. So look at a (very partial) solution to Twitter's advertising problem: Elon Musk! More specifically, Elon Musk's Tesla, which is advertising on the company formerly known as Twitter:This new? Model Y starts at $36,490 after Federal Tax Credit for eligible buyersBook a Demo Drive to try it https://t.co/McJ7TwPy4c — Tesla (@Tesla) February 29, 2024Beyond the novelty, a couple of other ideas:

Persons: Elon Musk, —, Elon, Elon Musk's Tesla, uM6X0cQnKL — Jay Yarow, Tesla, Jay, — Tesla Organizations: Elon, Service, Twitter, YouTube, Federal Tax

☆ Jon Stewart says the Democrats have thrown values out the window in favor of fearmongering about migrants
▼ + stars: | 2024-03-05 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

He also called out Democrats like New York City Mayor Eric Adams for engaging in fearmongering. AdvertisementWhen it comes to the border crisis, both the Republican and Democratic Parties are to blame, says Jon Stewart. Kathy Hochul of New York, and New York City Mayor Eric Adams voicing their support for immigration. Advertisement"We have no more room in this city," Adams said at a press conference in July 2023, per a clip Stewart played on "The Daily Show." Meanwhile, GOP frontrunner and former President Donald Trump has been celebrating the collapse of the Biden administration's bipartisan immigration bill.

Persons: Stewart, Eric Adams, —, Jon Stewart, didn't, Jon Stewart unpacks, Biden, Trump, Chuck Schumer, Kathy Hochul, Adams, Joe Biden, Donald Trump Organizations: Democrats, New York City, Service, Republican, Democratic, Border Patrol Union, Daily, Gov, GOP, Washington Post, ABC, Biden, Trump Locations: New York, New, Southern, Washington, Mexico

☆ Silicon Valley's elite are moralizing about the future of AI
▼ + stars: | 2024-03-04 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

It has reignited the savior complex of Silicon Valley's biggest personalities too. AdvertisementThough some questions are being asked about how much of a case Musk has here, the whole saga has offered plenty of incentive to Silicon Valley's more opinionated leaders to moralize on the future of AI. The open option — in theory at least — champions AI models that are transparent about how they're trained and collectively developed by a global community of developers. (2) Big companies, small companies, independent developers, and open source communities should be free to pursue AI. But which side of the battle the rest of Silicon Valley's AI leaders fall on will be watched just as closely.

Persons: —, Elon, Sam Altman's OpenAI hasn't, OpenAI —, they're, Meta, Sam Altman, Andrew Caballero, Reynolds, Marc Andreessen, Vinod Khosla, Andreessen, shouldn't, isn't, 2VqL6T5qZe, Marc Andreessen 🇺🇸 ( Organizations: Service, Microsoft, OpenAI, Business, Getty, Manhattan, Chinese Communist Party, Big Locations: China, San Francisco, jure

☆ Silicon Valley moguls are weighing in on Elon Musk's battle with OpenAI and it's getting cattier than a 'Real Housewives' reunion
▼ + stars: | 2024-03-04 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Read previewElon Musk and his fellow billionaire tech bros are brawling over their differing views on OpenAI, and the back-and-forth is getting ugly. On Thursday, Elon Musk sued OpenAI and its CEO, Sam Altman. "Vinod doesn't know what he is talking about here," Musk wrote in a reply on X. "Vinod is lobbying to ban open source," Andreessen wrote on X.AdvertisementVinod is lobbying to ban open source. Representatives for Musk, Khosla, and Andreessen did not immediately respond to a request for comment from Business Insider sent outside regular business hours.

Persons: —, Elon Musk, OpenAI, Sam Altman, Altman, Musk, OpenAI didn't, Vinod Khosla, Khosla, Elon, Vinod doesn't, @OpenAI, Marc Andreessen, Vinod, Andreessen, D9ihtHEOiB, Marc Andreessen 🇺🇸 ( Organizations: Service, Microsoft, Business, xAI, Venture, Netscape Locations: OpenAI

☆ Look closely: Tesla's video celebrating a Mustang EV using its Supercharger hides a potential pain point for other drivers
▼ + stars: | 2024-03-04 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

15,000+ Tesla superchargers available for non-Teslas with an adapter starting todayOn the downside: Did you catch it? Many automakers have switched to Tesla's charging technology over the past year. Tesla's charging network is one of its biggest advantages over EV rivals — from faster and more accessible charging stations to more amenities. Non-Tesla EV owners can charge at updated Superchargers that have a Magic Dock adapter. On Thursday, Tesla opened V3 chargers to Ford owners who can use a NACS adapter supplied by Ford, according to Tesla's website.

Persons: —, Tesla, Marques Brownlee, Brownlee, ITuxtLsDju — Marques Brownlee, Elon Musk Organizations: Service, Ford, Business, Ford EV, Tech, Tesla EV, EV, — Locations: New York

☆ Russian soldiers targeted while riding on top of armored vehicles is now a 'daily occurrence,' pushing up its death toll, US soldier says
▼ + stars: | 2024-03-04 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

Video shows a Russian armored vehicle with soldiers riding on top being attacked. A US veteran fighting in Ukraine said it was "a daily occurrence" that had killed many Russians. AdvertisementFootage showing Russian soldiers being targeted while they are riding on top of an armored vehicle highlights a "daily occurrence" that has driven Russia's death rate way up, according to a US veteran serving in Ukraine. It shows about a dozen Russian soldiers riding on top of a fast-moving armored vehicle that has smoke pouring out from it. It also said that Russia's daily casualties in February were the highest since the invasion began, at an average of 983 a day.

Persons: —, Bradley IFV, FPVfUtnZ5k, 🐈🇺 Organizations: Service, Ukraine's Strike Drones Company, Ukraine's 47th Mechanized Brigade, Brigade Locations: Russian, Ukraine, Ukraine's, Kherson

☆ Jim Cramer: Why a successful Reddit IPO would be bad news for this bull market
▼ + stars: | 2024-03-03 | by ( Jim Cramer | ) www.cnbc.com time to read: +14 min

There's nothing like a moribund IPO market to create a pleasant backdrop for a bull run. Hot on the heels of the Reddit deal is the expiration of the IPO lockup period for Arm Holdings on March 12. I thought it might occur after the successful Arm deal, but like so many nascent attempts to revive the IPO market there was nothing worth following up with until the Reddit deal. This brings me back to the IPO market. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: We've, It's, Reddit, Sam Altman, Conde Nast, Rene Haas, Steve Huffman, Reddit's, —, isn't, Morgan Stanley, Goldman Sachs, Uber, Jim Cramer's, Jim Cramer, Jim, Mateusz Slodkowski Organizations: Advance Magazine Publishers, Arm Holdings, Company, Nvidia, Employees, GameStop, Supply, Amazon, Walmart, Securities and Exchange Commission, Investors, Fidelity, ICE, Costco, Rite Aid, Tech, Microsoft, Meta, Federal Trade Commission, White House, Jim Cramer's Charitable, CNBC, Getty Locations: British, TheStreet.com, Reddit, POLAND

☆ Think your interest costs are high? Donald Trump now owes $1M more in interest on his NY fraud trial judgment.
▼ + stars: | 2024-03-02 | by ( Laura Italiano | ) www.businessinsider.com time to read: +4 min

Under last month's fraud trial judgment, Trump's debt to NY rises by $111,984 in interest per day. Under the final fraud trial judgment, the GOP frontrunner's debt to New York state rises daily by $111,984 in interest. That means every 9 days, Trump owes the state another $1 million in interest. On that same day, the total Trump owes New York will tick up by another $1 million, to $456 million. Former Trump Organization CEO Allen Weisselberg owes $1 million; interest is adding $272 to his total every day.

Persons: —, Donald Trump, Trump, Arthur Engoron, Engoron, Donald Trump’s, UqZ85lGILh, Mike Sisak, ingle, ong, ike, J r., ric, wes Organizations: Service, they're, GOP, Mike Sisak 🗒️, ust, tate Locations: New York

☆ Mount Everest is now a trash-filled, overcrowded tourist spot, says the last living member of Edmund Hillary's team
▼ + stars: | 2024-03-02 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +5 min

A 35-member team helped Edmund Hillary and his sherpa reach the top of Mount Everest in 1953. Kanchha told AP that Mount Everest is now "very dirty" and being disrespected by climbers. At 29,032 feet, Mount Everest is considered the highest point on Earth and attracts a plethora of tourists. Mount Everest remains one of the most popular tourist spots in the world, but it doesn't come without risks. More than 310 people have died climbing Mount Everest since explorations first launched in the 1900s.

Persons: Edmund Hillary, Kanchha, —, Kanchha Sherpa, Niranjan Shrestha, Tenzing, ROBIC UPADHAYAY, there's, Mount Everest, Sherpas, FVAZrnDSwI, Nirmal Purja, X Organizations: Mount, Kanchha, AP, Service, Associated Press, China News Service, Twitter, New York Times, Times Locations: Everest, Mount Everest, New Zealand, Mount

☆ Bradley Cooper said he didn't know if he loved his daughter at first. Dads struggling to connect with their kids is more common than you might think.
▼ + stars: | 2024-02-29 | by ( Ayomikun Adekaiyero | Serafina Kenny | ) www.businessinsider.com time to read: +6 min

Bradley Cooper said he struggled to love his daughter, Lea De Seine Shayk Cooper, as a newborn. AdvertisementBradley Cooper opened up about struggling to love his baby daughter at first, dividing fans. But experts say dads taking a while to bond with a newborn is more common than you might think. Cooper shares a six-year-old daughter, Lea De Seine Shayk Cooper, with his ex-partner, Irina Shayk, whom he dated from 2015 to 2019. AdvertisementCooper said his feelings changed when Shayk Cooper was eight months old.

Persons: Bradley Cooper, Lea, Shayk Cooper, Dax Shepard, —, Cooper, Irina Shayk, daughter's, I'm, Bolu Babalola, 🍯&, litt, rth Trust,, edin, elin Organizations: Service, Ofc Locations: el

☆ Memes about a disastrous Willy Wonka-themed event are taking over the internet
▼ + stars: | 2024-02-29 | by ( Olivia Singh | ) www.businessinsider.com time to read: +8 min

AdvertisementUnsuspecting children attended a Willy Wonka-inspired event in Glasglow, Scotland with high hopes, but found themselves in a world of pure horror. Paul Connell, an actor hired to play Willy Wonka at the event, told The Independent that the script supplied was "15 pages of AI-generated gibberish." Since photos and videos surfaced online, X (formerly known as Twitter) has become inundated with memes about the catastrophic event. AdvertisementThe interactive lab area drew comparisons to a meth lab“Is that the-”“The meth lab from the Glasgow Willy Wonka Experience? This photo from the Willy wonka experience is single handedly the photo of the year.

Persons: Willy Wonka, —, it's, Roald Dahl, Paul Connell, Kirsty Paterson, Glasgow Willy Wonka, k9jdz3CWH0 — Adam, @adamgreattweet, Loompa, Hugh Grant, Willy wonka, twitter.com/tmc, kes, Kate Middl, aga, witt, r.com, ady, lanning their H, dre, anne Organizations: Service, Warner Bros, Independent, Glasgow, nk Locations: Glasgow, Glasglow, Scotland, erie, ves

☆ MAGA House candidate JR Majewski's disparagement of Special Olympics athletes is reverberating in the high-stakes Ohio Senate race
▼ + stars: | 2024-02-29 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +5 min

Ohio GOP Senate candidates Bernie Moreno and Frank LaRose have endorsed JR Majewski. The GOP House candidate faces backlash after calling Special Olympics athletes "fucking retarded." AdvertisementTwo high-profile GOP Senate candidates in Ohio won't say whether they still back House candidate JR Majewski after he made a joke referring to Special Olympics athletes as "fucking retarded." But State Sen. Matt Dolan, another Senate GOP candidate, told Business Insider in a statement that he agrees with the Lucas County GOP's condemnation of Majewski's "reprehensible remarks." And he called on his two opponents to rescind their support for the embattled House candidate.

Persons: Bernie Moreno, Frank LaRose, Matt Dolan, Moreno, LaRose, —, MAGA, Marcy Kaptur, Spokespeople, Majewski, Sen, JD Vance, JR Majewski, Dolan, Craig Riedel, Donald Trump, Donald Trump . State Sen, Nic Antaya, Democratic Sen, Sherrod Brown, disgracefully, @JRMajewski, lVNQ2qWpSj — Frank LaRose, ciLu3ckhXa, bGZfC6ZUem — bryan metzger, @metzgov, didn't, Derrick Merrin, Riedel Organizations: Ohio GOP, JR Majewski, GOP, Service, Lucas County GOP, Republicans, Democratic, JR, Ohio Republicans, Donald Trump . State, Senate, Majewski, FEC Locations: Ohio, Lucas County, Toledo, Lucas, America, Afghanistan, Montana, Washington, DC

☆ Opinion: On the border, voters want action, not photo ops
▼ + stars: | 2024-02-29 | by ( Opinion Jon Gabriel | ) edition.cnn.com time to read: +6 min

Upholding that proud tradition, President Joe Biden is headed to the border on Thursday — and so is former President Donald Trump. I’m a lifelong resident of Arizona, and border-state voters have heard a lot of talk, but haven’t seen much action. The president’s only other visit to the border was a year ago, briefly stopping in El Paso before racing back home. This would at least mitigate Biden’s polling drop while also giving border states and blue cities a respite from the migrant influx. They’re done with photo-ops next to broken border walls and other campaign stunts.

Persons: Jon Gabriel, CNN — It’s, Joe Biden, Donald Trump, Jon Gabriel Unfortunately, Biden, Bob Dole, Bill Clinton, Sen, John McCain, Barack Obama, Hillary Clinton, I’m, haven’t, Greg Abbott, Eric Adams, JB Pritzker, Abbott, “, Trump, ”, Alejandro Mayorkas, They’re Organizations: The Arizona, Twitter, CNN, Trump, Texas Gov, Texas National Guard, Gallup, Democratic, New York City, Immigration, Customs, Illinois Gov, New York City Police Department, Republicans, U.S . Border Patrol, Senate, GOP, Homeland Locations: The Arizona Republic, Texas, Arizona, Douglas, Yuma, Tucson, El Paso, Brownsville , Texas, Gulf of Mexico, Eagle Pass , Texas, Del Rio, America, New York, Illinois, New, Georgia, Brownsville

☆ GOP House candidate JR Majewski refuses to drop out after disparaging Special Olympics athletes: 'I will not be threatened'
▼ + stars: | 2024-02-28 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

JR Majewski, a controversial GOP House candidate in Ohio, is refusing to drop out of the race after referring to Special Olympics participants as "fucking retarded." As Business Insider first reported earlier this month, Majewski made the disparaging comments during an appearance on a conservative podcast. You know, no matter how hard you try, arguing on the Internet, it's like being in the Special Olympics," he said. On Sunday, the Lucas County GOP — the largest party organization in Ohio's 9th congressional district — voted to censure Majewski for his comments. AdvertisementThe Ohio Republican told POLITICO on Tuesday that he was considering dropping out of the race.

Persons: Majewski, @JRMajewski, ciLu3ckhXa, bGZfC6ZUem — bryan metzger, @metzgov, —, Lucas, J, … —, Marcy Kaptur, He's, Derrick Merrin, Craig Riedel, Donald Trump, Sen, JD Vance, Ohio Organizations: JR Majewski, GOP House, Washington Establishment Machine, Business, BI, Republicans, Lucas County GOP, Ohio Republican, POLITICO, Republican Party, Congressional, GOP, Trump, Democratic, National Republicans, Republican Locations: Ohio, Toledo, Lucas County, Ohio's, … — Lucas, Northwest Ohio, Afghanistan, Japan, Qatar, Washington, DC

☆ Bronx medical student who suddenly got free tuition after a $1B donation says the school will be a nightmare to get into now
▼ + stars: | 2024-02-28 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +4 min

Albert Einstein College of Medicine received a record-breaking $1 billion donation for free tuition. The donation means all current and future students will receive free tuition. AdvertisementA student at a Bronx medical school that received a $1 billion tuition fee donation said he was elated, but he wouldn't want to be in the shoes of future applicants. "I still have to pinch myself and remind myself that this actually happened," Kohanzadeh told Business Insider. AdvertisementNonetheless, he said he would still encourage future students to apply as it isn't "out of reach for anyone who is extremely passionate."

Persons: Albert, —, Ruth Gottesman, Gottesman, David, Sandy, Brent N, Clarke, Warren Buffett, XOy9HZLbfD, 1ijv02jHFk —, Avraham, Avi, Kohanzadeh, would've, there's Organizations: Albert Einstein College of Medicine, Service, New York Times, Forbes, Manhattan Co, Times, Pediatrics, Health, Business Locations: Bronx, Berkshire Hathaway, @EinsteinMed

☆ Kroger, Albertsons and the New Antitrust Playbook - The New York Times
▼ + stars: | 2024-02-28 | by ( Peter Coy | ) www.nytimes.com time to read: +1 min

“The proposed acquisition is by far the largest supermarket merger in U.S. history,” one that would unite “the No. 2 traditional supermarket chains in the United States,” it says in its complaint. is correct on the numbers, but the key word is “traditional.” Traditional supermarket chains no longer dominate the grocery business. Kroger is a distant second to Walmart, with a 10 percent market share, and Albertsons is fourth (behind Costco Wholesale), with 6 percent. So even if Kroger and Albertsons merged, they would be only a little more than half of Walmart’s size.

Organizations: Kroger Co, Albertsons Companies Inc, titans, Federal Trade Commission, Albertsons, Walmart, Sam’s Club, Solomon Partners, Kroger, Costco Wholesale Locations: United States

☆ Some Republicans are celebrating the 'good news' of Mitch McConnell's retirement: 'Better days are ahead'
▼ + stars: | 2024-02-28 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

"Better days are ahead for the Republican Party," said Rep. Matt Gaetz of Florida. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Our thoughts are with our Democrat colleagues in the Senate on the retirement of their Co-Majority Leader Mitch McConnell (D-Ukraine). No need to wait till November… Senate Republicans should IMMEDIATELY elect a *Republican* Minority Leader. But McConnell comes from a different generation than many House and Senate Republicans, and he's had a famously frosty relationship with Trump since January 6.

Persons: Mitch McConnell, That's, Matt Gaetz, —, Democratic boogeyman, Republicans trashing, Kevin McCarthy, Ronna McDaniel, We’ve, McCarthy McDaniel McConnell, qZEZ7s9Ly6, Republican Sen, Josh Hawley, McConnell, Sen, Rick Scott of Florida, Hawley, Scott, Chuck Schumer, Schumer, Donald Trump, Merrick Garland, Barack Obama's, he's, Mike Lee, John Organizations: GOP, Republican Party, Service, Democratic, Republicans, Caucus, Kentucky Republican, Republican, POLITICO, McConnell's, McConnell's Democratic, Supreme, Senate Republicans, Trump Locations: Florida, Ukraine, Josh Hawley of Missouri, Utah

So the White House probably cheered a move by the F.T.C. and several states on Monday to block Kroger’s $25 billion bid to buy Albertsons, arguing that the biggest supermarket merger in U.S. history would raise prices and hit union workers’ bargaining power. The Biden administration has little influence over inflation, but it’s still getting heat. Consumers are spending the highest proportion of their income on food in 30 years, and an internal White House analysis found that grocery prices had the biggest impact on consumer sentiment. The Fed has jacked up interest rates to a 20-year-high in an effort to cool inflation, but progress on that has slowed in recent months.

Persons: Biden’s, Biden, it’s Organizations: Kroger, Albertsons Locations: U.S

☆ An Emboldened F.T.C. Bolsters Biden’s Efforts to Address Inflation
▼ + stars: | 2024-02-27 | by ( Jim Tankersley | ) www.nytimes.com time to read: +1 min

The Federal Trade Commission filed a lawsuit on Monday, joined by several state attorneys general, to challenge a merger between the supermarket giants Kroger and Albertsons. The agency’s rationale in many ways echoed Mr. Biden’s renewed attempts to blame corporate greed for rising prices and shrinking portions in grocery aisles. Because grocery prices have risen significantly in recent years, they added, “the stakes for Americans are exceptionally high.”That is true for consumers, and it is true for the president. More Americans disapprove of his handling of the economy than approve of it. Consumer confidence, while improved in recent months, remains relatively weak for an economy with low unemployment and solid growth like the one Mr. Biden is presiding over.

Persons: Biden’s, Biden Organizations: White, Federal Trade Commission, Kroger, Albertsons

Search resuls for: "T.C"

25 mentions found